Music Business Worldwide News

1. Artists have earned $123m via Bandcamp Fridays since 2020 and fans have paid artists and their labels $1.3bn via the platform to date

   The direct to fan platform celebrates its 40th Bandcamp Friday on May 3

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2. The NMPA’s TikTok deal has officially ended. What does that mean for independent publishers in the US?

   “Music is essential to TikTok. As we have said, we are not engaging in an extension of our deal," said NMPA President & CEO David Israelite

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3. UK lawmakers call for AI legislation to protect artists from deepfakes, copyright infringement

   "Our central insight must always be that AI can be a great servant but would be a terrible master"

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4. Anghami’s paid subscribers jumped 18% in Q1 2024, after a 2023 of revenue ‘headwinds’

   The MENA-focused streaming service expects a revenue boost following its merger with TV and film streamer OSN+

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5. Will Hunt promoted to Vice President of A&R at AWAL

   Exec joined AWAL from Columbia Records in 2018

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6. Primary Wave partners with Endel to create sleep and focus soundscapes from artists

   Endel boasts partnerships with the likes of Universal Music Group, Spinnin' Records, AWAL and Future Classic

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7. Tracklib launches ‘Sounds,’ a royalty-free sampling feature

   The company boasts a library of more than 100,000 songs from 400 labels and publishers

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8. Reservoir Media plans $100M offering to fund acquisitions, debt repayment

   The move signals Reservoir's ambition to fuel further growth through acquisitions while reducing its debt

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9. Warner Music Group boss Robert Kyncl backs US Senate bill to crack down on AI deepfakes

   Kyncl to give testimony to a subcommittee of the Senate Judiciary Commitee on Tuesday (April 30)

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10. India’s Tips Industries generated $7.6m in calendar Q1, up 22% YoY

    India-headquartered music and entertainment company Tips has published its financial results for calendar Q1

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